NEW YORK (
Forward Air Corporation
) hit a new 52-week high Tuesday as it traded at $30.54 compared with its previous 52-Week high of $30.30. Forward Air is changing hands at $30.30 with 47,235 shares traded as of 10:01 a.m. ET. Average volume has been 88,500 shares over the past 30 days. Forward Air has a market cap of $830.1 million and is part of the
industry. Shares are up 1.4% year to date as of the close of trading on Monday.
Forward Air Corporation provides surface transportation and related logistics services to the North American deferred air freight market. The company operates in two segments, Forward Air, Inc. (Forward Air) and Forward Air Solutions, Inc. (FASI). The company has a P/E ratio of 31.4, above the average transportation industry P/E ratio of 31.1 and above the S&P 500 P/E ratio of 23.3.
TheStreet Ratings rates Forward Air as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full